According to Korea Exchange data, the KOSPI index closed at 5730.74 points on October 30, down 206.92 points from the previous trading day, or 3.48%. Under repeated shocks in the Korean stock market, the focus of the market turned to next week's trend. A potential negative factor is market concerns about the return on AI investment. According to the brokers' opinion, the volatile market is likely to continue, but investors are advised to stick to the investment idea of using chip stocks as the core and focusing on shareholder returns. Lee Jae-won, a Korean analyst at Yuanda Securities, said, “Companies generally believe that if they fall behind in the AI competition, they will permanently miss this huge wave. It is difficult to reverse the big trend. The market is likely to fluctuate in stages under the major trend. Investors can wait for credit risk to stabilize, foreign capital return signals, increase positions in batches, continue to hold existing chip targets, and at the same time lay out equipment, material manufacturers, and energy storage sectors to obtain additional benefits.”
Zhitongcaijing · 2d ago
Share
Listen to the news
According to Korea Exchange data, the KOSPI index closed at 5730.74 points on October 30, down 206.92 points from the previous trading day, or 3.48%. Under repeated shocks in the Korean stock market, the focus of the market turned to next week's trend. A potential negative factor is market concerns about the return on AI investment. According to the brokers' opinion, the volatile market is likely to continue, but investors are advised to stick to the investment idea of using chip stocks as the core and focusing on shareholder returns. Lee Jae-won, a Korean analyst at Yuanda Securities, said, “Companies generally believe that if they fall behind in the AI competition, they will permanently miss this huge wave. It is difficult to reverse the big trend. The market is likely to fluctuate in stages under the major trend. Investors can wait for credit risk to stabilize, foreign capital return signals, increase positions in batches, continue to hold existing chip targets, and at the same time lay out equipment, material manufacturers, and energy storage sectors to obtain additional benefits.”
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending